瀛通通讯(002861) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was CNY 241,135,603.72, representing a 48.00% increase compared to CNY 162,928,923.21 in the same period last year[8]. - The net profit attributable to shareholders was CNY 6,017,804.94, up 15.85% from CNY 5,194,404.03 year-on-year[8]. - Basic earnings per share increased by 25.00% to CNY 0.05 from CNY 0.04 in the same period last year[8]. - The company reported a decrease of 8.73% in net profit after deducting non-recurring gains and losses, amounting to CNY 3,688,071.56 compared to CNY 4,041,008.32 in the previous year[8]. - The total operating revenue for the first quarter of 2019 was CNY 241,135,603.72, an increase from CNY 162,928,923.21 in the same period last year, representing a growth of approximately 47.8%[47]. - The total operating costs for the first quarter of 2019 were CNY 236,780,212.15, up from CNY 158,712,553.12, indicating an increase of about 49.2%[47]. - The net profit for the first quarter of 2019 was not explicitly stated, but the increase in revenue and costs suggests a focus on growth strategies despite rising expenses[47]. - The total profit for the quarter reached CNY 6,915,181.95, up from CNY 5,747,098.29, reflecting a growth of 20.3% year-over-year[49]. - The total comprehensive income for the quarter was CNY 4,930,500.38, compared to CNY 3,628,311.77, representing a growth of 36%[50]. - Operating profit for the quarter was CNY 6,525,589.31, an increase from CNY 5,560,375.57, marking a rise of 17.4%[49]. Cash Flow and Liquidity - The net cash flow from operating activities surged to CNY 32,125,503.18, a significant increase of 1,243.33% compared to CNY 2,391,481.93 in the previous year[8]. - Cash flow from operating activities increased by 29.73 million yuan, as cash inflows exceeded outflows during the reporting period[21]. - The company's cash and cash equivalents decreased to CNY 181,555,231.40 from CNY 219,931,926.16 at the end of 2018, reflecting a decline of about 17.4%[38]. - The total cash and cash equivalents at the end of the period were ¥91,829,346.82, a decrease from ¥228,835,491.32 at the end of the previous year, reflecting a net decrease of ¥38,376,694.76 in cash and cash equivalents[58]. - The company received tax refunds totaling ¥6,292,456.70, an increase from ¥5,736,657.33 in the previous year, indicating improved cash flow from tax-related activities[57]. - The cash outflow for purchasing goods and services was ¥176,603,812.30, up from ¥148,077,304.93 in the same quarter last year, showing an increase of approximately 19.3%[57]. - The company paid ¥55,678,894.06 in employee compensation, which is an increase from ¥52,998,782.41 in the previous year, reflecting a growth of about 5.3%[57]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,391,230,303.35, a decrease of 2.83% from CNY 1,431,743,491.18 at the end of the previous year[8]. - The total assets of the company amounted to approximately CNY 1,391,230,303.35, a decrease from CNY 1,431,743,491.18 at the end of 2018[38]. - The total liabilities decreased from CNY 139,570,341.21 to CNY 121,337,471.42, reflecting a reduction of approximately 13%[45]. - The company's total current liabilities represented approximately 29.7% of total assets[65]. - The company's total equity represented approximately 69.5% of total assets[66]. - The company’s short-term borrowings stood at CNY 40,890,000.00, while accounts payable and notes payable totaled CNY 245,182,639.06[65]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,579[14]. - The largest shareholder, Huang Hui, holds 31.20% of the shares, amounting to 38,287,800 shares, with a portion pledged[14]. - The company has repurchased a total of 3,691,200 shares, accounting for 3.0084% of the total share capital, with a total expenditure of CNY 69,699,188[28]. - The highest and lowest repurchase prices were CNY 20.30 and CNY 16.70 per share, respectively[28]. Operational Changes and Expenses - Management expenses increased by 81% year-on-year, mainly due to the addition of Lianyun Acoustics and significant increases in salaries and travel expenses[21]. - Research and development expenses for the first quarter were CNY 8,574,362.94, slightly down from CNY 9,861,830.43, suggesting a potential shift in focus towards operational efficiency[47]. - The company incurred management expenses of CNY 4,536,581.98, significantly higher than CNY 1,008,186.96 in the previous year, reflecting an increase of 350%[52]. - Investment income for the quarter was CNY 698,134.26, down from CNY 1,258,806.84, showing a decline of 44.4%[53]. Acquisitions and Investments - The company completed the acquisition of 100% of Lianyun Acoustics for 180 million yuan, with the payment made in December 2018[23]. - The company granted restricted stock and stock options during the reporting period, which accounted for CNY 2,952,009.76 of the net profit[9]. - Other current assets increased by 56% compared to the beginning of the year, mainly due to an increase of 78 million yuan in financial products[21]. - The company reported a significant increase in cash inflow from other investment activities, totaling ¥288,231,646.46, compared to ¥325,640,936.07 in the previous year[58]. Financial Standards and Compliance - The company executed a new financial standard starting January 1, 2019, adjusting CNY 30,000,000 from available-for-sale financial assets to other equity instruments[66]. - The company reported no violations regarding external guarantees during the reporting period[32]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[33].